n Development Finance Agenda (DEFA) - Assessing the performance of development finance institutions
|Article Title||Assessing the performance of development finance institutions|
|© Publisher:||Chartered Institute of Development Finance (CIDEF)|
|Journal||Development Finance Agenda (DEFA)|
|Publication Date||Jan 2015|
|Pages||20 - 21|
Development finance institutions (DFIs) have monitoring and evaluation (M&E) systems to determine how effective their projects are in terms of their impact on development. But how accountable and beneficial are these M&E systems? This article focuses on the cases of the European Investment Bank and the World Bank Group's International Finance Corporation. It provides a framework to assess DFIs' monitoring systems, consisting of four criteria : governance, development impact, effectiveness and financial additionality. The article recommends that DFIs integrate these criteria to improve their M&E systems and that civil society organisations and other external players be invited to join discussions on the effectiveness of M&E systems.
Article metrics loading...